EVgo

EVgo, Inc. engages in the provision of electric vehicle charging station services. It offers the EVgo network, home charging solutions, work charging solutions, and freedom station plans to electric car owners. The company was founded in October 2010 and is headquartered in Los Angeles, CA.

Earnings data Q2 2021

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Earnings data Q4 2024

EVgo reports record revenue in 2022, expands partnerships for growth

EVgo's strong revenue growth in 2022 and deepening partnerships position it well in the evolving EV market. While facing challenges like supply chain disruptions, the company is focused on expanding its charging network and optimizing operational efficiency for future growth.

EVgo reports stellar Q1 earnings, poised for growth in EV market

EVgo's Q1 2023 performance reflects strong revenue growth, operational progress, and strategic partnerships positioning the company for future success.
While facing challenges in network utilization fluctuations and higher CapEx, EVgo's focus on technology and partnerships presents growth opportunities in the expanding EV market.
With a reaffirmed revenue guidance, successful first quarter, and a focus on network expansion and customer experience, EVgo's strategy is showing early signs of success.

EVgo excels in Q2, eyes collaborations for EV market dominance

EVgo's strong Q2 performance and strategic initiatives position the company as a key player in the EV market, driving revenue growth and operational efficiency
Challenges in revenue diversification and profitability require careful navigation, while opportunities in collaboration and technological advancements offer avenues for sustained growth
Increased investments in growth areas and extended liquidity into 2025 demonstrate EVgo's commitment to innovation, market leadership, and long-term sustainability

EVgo reports stellar Q3 results, eyes growth through partnerships

EVgo's Q3 2023 performance showcased exceptional revenue growth and improved EBITDA, with a strong focus on network expansion and customer satisfaction.
The company's strategic partnerships, financial guidance raise, and cost-saving innovations position it well for future growth and operational efficiency.
While facing challenges in CapEx reduction and regulatory advocacy, EVgo's financial strength, market optimization, and customer-centric approach present opportunities for sustained success.
With a clear path to profitability, EVgo's focus on network utilization, financing strategies, and regulatory engagement underpin its resilience and growth prospects.

EVgo achieves record revenue in Q4 2023, targets profitability

EVgo's Q4 2023 performance reflects strong revenue growth, operational efficiency, and a path towards profitability by 2025.
The company's strengths lie in its business model, financial discipline, strategic focus, and transparent asset-level profitability calculations.
Challenges include ongoing negative EBITDA, energy cost uncertainties, competition, and balancing expansion with profitability.
Opportunities exist in margin expansion, NEVI funding, OEM/commercial charging growth, and rideshare customer adoption of EVs.

EVgo doubles revenue, eyes EBITDA breakeven in 2025

EVgo's strong Q1 performance, focus on growth drivers, and strategic initiatives position the company for success.
Challenges in transitioning to Level 3 charging and managing seasonality require careful navigation.
Opportunities from industry shifts, site acquisitions, and identified expansion sites offer avenues for growth.
Maintaining margins, improving pricing strategies, and enhancing customer experience are key focus areas for sustained growth.

EVgo reports record revenues, secures DOE loan for growth

EVgo's Q3 performance reflects strong revenue growth and operational expansion
Strategic strengths include securing DOE loan, partnerships, and CapEx reduction plans
Challenges lie in achieving profitability and navigating competitive EV market dynamics
Opportunities exist in leveraging federal funding, partnerships, and expanding customer base

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LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO), (“EVgo” or the “Company”), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced that it will release its fourth quarter and full year 2023 financial results on Wednesday, March 6, 2024. This release will be followed by a webcast hosted by members of the EVgo management team at 8:00 a.m. PT (11:00 a.m. ET). EVgo Fourth Quarter and Full Year 2023 Webcast When: Wednesday, March 6, 2024 Time: 8.

EVgo to Report Fourth Quarter and Full Year 2023 Results on March 6, 2024

Blink Charging

ChargePoint Holdings

Everything related to electric vehicles (EVs) is not doing well in 2024. EV stocks like Tesla and Nio have all plunged hard this year, shedding over $1 trillion in valuation.

Is it safe to buy EV charging stocks like CHPT, EVGO, and BLNK?

EVgo last projected at least 170% growth in revenue for the full year 2023. With a rival confident of beating revenue growth estimates, expectations from EVgo have picked up too.

Why EVgo Stock Surged by More Than 15% This Week

EVgo Inc. (EVGO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

EVgo Inc. (EVGO) Upgraded to Strong Buy: Here's What You Should Know

QuantumScape

Electric car stocks got a charge out of Blink's earnings pre-announcement this morning. Blink is anticipating "record-breaking" revenues for both Q4 and 2023 as a whole.

Why EVgo, QuantumScape, and Blink Charging Stocks All Popped

Tesla

The electric vehicle (EV) market is probably headed toward a slump in 2024. During Tesla's (NASDAQ: TSLA ) Q4 earnings call, CEO Elon Musk warned the famed EV maker could experience slower growth in 2024.

Why These 3 EV Stocks Could Be Headed for Further Losses

EVgo is a leading player in the US EV charging market, operating over 2,700 fast charging stations. The company's stock performance has been volatile and disappointing, with a decline of 67% in the past year. Despite market challenges, EVGO is well-positioned to capture value in the EV charging market and has the potential for a rebound.

EVgo: Attractive Price Level With Strong Growth Pipeline

Electric vehicle (EV) charging stocks haven't been getting much love lately. But that's to be expected with slowing EV sales growth.

3 EV Charging Stocks to Buy on the Dip: February 2024

Albemarle

Lithium Americas Corp

Demand and prices throughout the electric vehicle sector remain muted. While that is generally negative, it also creates opportunities.

3 Once-in-a-Lifetime EV Stocks With Unprecedented Surge Potential

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced the awardees of its second annual National EV Charging Recognition Program, presented by Connect the Watts™. Launched in 2022, the program celebrates leaders in deployment excellence, recognizing EV Charging Heroes from all areas of the EV charging ecosystem based on an evaluation of their commitment to fast charger deployment via innovat.

EVgo Announces Awardees of Second Annual National EV Charging Recognition Program, presented by Connect the Watts™

BYD Company Limited

2023 has come to an end. 2024 is here and the electric vehicle industry couldn't be happier about that transition.

If You Can Only Buy One EV Stock in January, It Better Be One of These 3 Names

Beam Global

Who doesn't love saving money when it comes to finding great deals? Buying the dip on undervalued EV stocks is a smart move this month.

The 3 Most Undervalued EV Charging Stocks to Buy in January

EVGO announces preliminary financial and operating results for fiscal year 2023. It expects to meet or beat 2023 guidance.

EVGO Discloses Preliminary Financial & Operating Results

According to the Kelley Blue Book, Americans bought a record 1.2 million EVs in 2023 which is 7.6% of the total vehicles sold in the US. That's up from 5.9% in 2022.

If You Can Only Buy One EV Charging Stock in January, It Better Be One of These 3 Names

General Motors

Honda

Stellantis N.V. 

Toyota Motor

Volkswagen AG

While seemingly everyone was talking about the electrification of mobility, a forced pit stop might yield a more favorable entry point for EV stocks to buy. Though electric vehicles are likely the future, the sector suffered a setback as the combination of sharply accelerating inflation and rising borrowing costs took their toll on consumers.

7 EV Stocks to Buy as the Sector Races for a Recovery

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced certain preliminary financial and operating results for fiscal year 2023. The Company announced preliminary 2023 throughput of approximately 130 gigawatt-hours (“GWh”). Utilization on the EVgo network in December 2023 was over 19% up from 15% in September 2023. EVgo ended 2023 with over 3,500 stalls in operation.

EVgo Announces Certain Preliminary Financial and Operating Results, Anticipates Meeting or Exceeding 2023 Financial and Operating Guidance and Focuses on Building, Owning and Operating a Best-in-Class Public Charging Network

Bionano Genomics

Plug Power

On Wall Street zeroes can become heroes relatively quickly. For example, in the past the Street hated Roku (NASDAQ: ROKU ), Intel (NASDAQ: INTC ), Shopify (NYSE: SHOP ) and Pinterest (NYSE: PINS ) and now they're all among the most beloved names in the stock market.

Contrarian Kings: 3 Unloved Stocks That Could Be the Next Market Darlings

ON Semiconductor

In 2023, EV charging stocks had difficulty, led by ChargePoint (NYSE: CHPT ) which lost more than 75% of its value. ChargePoint saw its revenues fall by 12% during the most recent quarter with losses nearly doubling.

Q1's Rising Stars: 3 EV Charging Stocks for Your Must-Watch List

Archer Aviation

Quantum Computing

While 2025 is less than 12 months away, the full year is roughly 2 years in the future. That means investors today have roughly 24 months during which to produce returns.

3 Stocks With the Best Shot to 10X by 2025

Starting in 2024, the Internal Revenue Service ( IRS ) extended an improved version of a tax credit system for electric vehicle (EV) buyers to 2032. Individuals purchasing used or new domestically manufactured EVs can instantly claim tax credits of up to $7,500, regardless of their tax liability.

3 Top-Rated EV Charging Stocks Wall Street Analysts Are Loving Now: January 2024

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced an extension of its agreement with Toyota Motor North America, Inc. (Toyota) to provide drivers who purchase or lease a new 2024 bZ4x with one year of complimentary fast charging on EVgo's nationwide network. First announced in February 2022, the ongoing collaboration between EVgo and Toyota to offer complimentar.

EVgo and Toyota Extend Agreement to Provide One Year of Complimentary Fast Charging to 2024 bZ4X Customers

Wallbox NV

Last year, even the best EV charging stocks have not been wealth creators. On the other hand, factors like cash burn and competition have translated into weakness in EV charging stocks.

The 3 Best EV Charging Stocks to Buy in January 2024

Nerdy

Rocket Lab USA

As the year draws to a close, the focus turns to penny stocks for 2024. These types of stocks offer substantial growth prospects in a market full of promise.

Budget Bets: 3 Penny Stocks Ready for a Big Break in 2024

Pursuing sustainable solutions becomes paramount as the world tackles the growing pains of climate change. This is where EV charging stocks come in, serving as the backbone of the electric vehicle (EV) industry.

Plug Into Profits: 3 EV Charging Stocks to Buy as 2023 Ends

Bitfarms Ltd

Terran Orbital Corp

As the year ends, penny stocks for 2024 are increasingly catching the eye of investors seeking high-growth opportunities in a market brimming with potential. Despite high-interest rates, rising inflation, and possible recession fears, penny stocks are gaining momentum.

News for EVgo Stock (EVGO)